Deutsche Bank India to expand operations; plans to hire thousands

Amid layoffs by many companies especially in the tech sector, Deutsche India, the technology centre of German investment bank Deutsche Bank, is set to expand its tech operations across the country and hire a significant number of professionals, aiming to support its ongoing digital transformation.

Speaking with Business Standard Dilipkumar Khandelwal, Chief Executive Officer of Deutsche India and Global Head of Technology Centers, said that the organization has already recruited over 2,500 individuals for Deutsche India since January 2023.

Khandelwal further expressed optimism, stating that this positive trend is expected to continue throughout the remainder of the year. Looking ahead, he also affirmed the intention to maintain a similar hiring range for the next year.

With a current workforce of approximately 16,000 employees in the country, the majority of them being engineers, Deutsche India is reinforcing its position as a major employer in India's technology sector.

As the banking industry undergoes digital transformation, Deutsche India recognizes the need for professionals skilled in areas such as cloud migration, artificial intelligence (AI), and machine learning. Khandelwal emphasized the importance of these emerging technologies, stating, "We feel AI and machine learning will have an impact across all the different dimensions of our products and that basically means that we need to upskill and build people in that direction." To meet this demand, the company is actively hiring individuals proficient in data science, statistics, and critical skills like AI and machine learning.

The India center, Deutsche Bank's largest within its global network, plays a pivotal role in the bank's technology transformation by leveraging emerging technologies to deliver innovative products and services to clients. It operates in conjunction with other technology centres located in Europe and the United States.

Deutsche India's expansion plans and robust hiring demonstrate the bank's commitment to embracing technological advancements and harnessing the potential of AI and machine learning.